Human rights lawyer and activist Deji Adeyanju has urged the Independent Corrupt Practices and Other Related Offenses Commission (ICPC) to arrest and prosecute all individuals implicated in the alleged N71.2 billion fraud uncovered within the Nigeria Education Loan Fund (NELFUND).
In a statement issued to THE WHISTLER on Thursday, Adeyanju condemned what he described as a “gross betrayal of public trust,” warning that the alleged mismanagement of the student loan scheme could have disastrous effects on millions of Nigerian students depending on the fund for access to education.
“At a time when countless young Nigerians are struggling to afford tuition and basic educational materials, the alleged diversion or mismanagement of N71.2 billion meant for student loans is both shameful and criminal,” Adeyanju said. “It is a tragic irony that funds meant to uplift the youth are allegedly being looted by those in positions of power.”
While commending the ICPC for launching an investigation, Adeyanju stressed that the probe must result in arrests and prosecutions, regardless of the political connections or status of those involved.
“I urge the ICPC to leave no stone unturned. All individuals and institutions found culpable must be brought to justice without fear or favor. This is the only way to restore credibility to the student loan scheme and deter future acts of corruption,” he emphasized.
Adeyanju also called on Nigeria’s broader anti-corruption agencies, including the Economic and Financial Crimes Commission (EFCC), to step up and tackle high-level corruption decisively.
“Our anti-corruption agencies must rise to the occasion. They cannot continue to act as if their hands are tied when the looters are politically connected. Selective justice only undermines the credibility of the fight against corruption,” he added.
NELFUND, set up to provide interest-free loans to financially disadvantaged students across Nigeria, has been thrust into the spotlight following reports of financial irregularities. The revelation of a missing N71.2 billion has sparked nationwide outrage, with stakeholders demanding full accountability and transparency.
